Dec 10, 2012 8:00pm EST
will hear from a google vice president who served in the u.s. house of representatives in 1990. hosted by the center for american progress, this is 55 minutes. >> that is a really tough act to follow. i am delighted to be here. let me tell you one quick story about our host and one of my favorite people. i did a column one time in which are referred to her as the sugar ray robinson of policy issues. sugar ray robinson was pound for pound the greatest boxers in the history of the game. whenever i see her, i say hi, sugar. one of my younger reporters said to a colleague, she is a different generation. it is a terrific -- it is terrific to be here. he is a tremendous asset. his real claim to fame is he is part owner of the boston celtics. to but the more we will talkjonathan teaches at thehe has written 150 books. i say about pat moynihan that he had written more books than most senators have read. i am dazzled by that. he is also a senior adviser at the center for american progress. he's very interested in the subject. susan, we have to stop meeting like this. we have done more seminars.
Dec 11, 2012 5:00pm EST
from washington. remember, i hope you'll follow me on twitter and google plus. stay with cnbc, because "fast money" begins right now. see you back in new york tomorrow. >> and this is mission krill call, rise above washington, d.c. we're going to get to "fast money" in just a moment. but we've got to talk about what is going on here. you just heard maria's observation. she is not confident that a deal will get done. sadly, i feel the same way. especially after speaking with numerous lawmakers today. everybody seems very firmly entrenched, although eamon with the news just a moment ago that john boehner has indeed sent the president a counter offer, though republicans, to a man, complained today that they do not know what cuts the democrats would like to make. senator harry reid coming out earlier today, saying, we're not going to offer up any cuts. we want the gop to put their cuts on the table. it is clear it is a game of finger pointing, which party is going to be made to look like the bad guys, because somebody's going to have to tell somebody no. that is certainly the deal here. st
Dec 5, 2012 6:00pm EST
myriad alibis i hear from today's action. apple's losing share to google, it doesn't have the right phones in europe, nokia's making a comeback, the mini isn't selling, there's no special dividend, we've got a stock chart that is the -- >> sell, sell, sell, sell! >> excuse me for a moment while i get nauseated. apple went down today because it's a big dollar amount stock and makes a ton of economic sense to ring the register before year-end. why do i always say about apple? own it. shocker. how about citigroup? this company's crushed shareholders for many, many years, but this new management team, you've got to hand it to them for taking tough medicine right before the holidays, firing 11,000 people, shutting down underperforming operations around the globe. no, i don't want to work there, and i feel terrible at the layoffs. i've got a ton of friends over citi, but i would be happy if i was a shareholder. something we're asking of our politicians, they can't do that. but citigroup's management was willing to take the hard medicine for the shareholders. we hear endless negativity abo
Dec 11, 2012 9:00am EST
. microsoft, 87% of its cash. cisco. oracle at 80%. apple at 68%. google at 64%. that's important to note. the reason why these companies have so much cash overseas is that they've been global growth stories. when microsoft sells product overseas the proceeds go into accounts over there. don't come to the u.s. unless microsoft needs to buy something here. you can see it plays out in a company like apple, too, where international launches and international retail expansion have become far more important than the u.s. where growth is concerned. just five years ago apple had 58% of its cash in the u.s. this is actually a big issue for a company like cisco where john chambers has been very straightforward about saying if the federal government lets us repay treeuate this cash, bring it to the u.s. without a big penalty, we'll use it to hire and grow in this country. if not we'll hire less and, by the way, keep making bigger overseas acquisitions, too. all of this gets a bit dicier when you consider a lot of u.s. companies have gotten pretty good at avoiding tax on international sales by using